The Slovak Ministry of Finance launched a public consultation on Draft Bill No. 309/2022, to amend the VAT Act.
The bill includes provisions to:
- Change the VAT registration threshold to EUR 49,790.
- Regulate processes for VAT registration exemptions and cancellations
- Exempt VAT for EU-purchased or imported goods and services if made accessible free of charge
- Revise the VAT deduction requirement regulations for non-payment of VAT
- VAT requirements for refund
- Payment service providers’ recordkeeping duties for cross-border payments.
The law goes into effect on January 1, 2023. Submission of comments is due on June 20.
Source: slov-lex.sk
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